Builders FirstSource, Inc. (NYSE:BLDR – Get Free Report) shares dropped 4% on Tuesday after Wedbush lowered their price target on the stock from $215.00 to $175.00. Wedbush currently has an outperform rating on the stock. Builders FirstSource traded as low as $136.35 and last traded at $136.59. Approximately 384,302 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,535,307 shares. The stock had previously closed at $142.22.
Other equities research analysts have also recently issued research reports about the company. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Barclays decreased their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Robert W. Baird decreased their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.47.
Insider Activity at Builders FirstSource
In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH increased its holdings in Builders FirstSource by 73.9% in the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock valued at $21,426,000 after buying an additional 54,557 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Builders FirstSource by 18.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after acquiring an additional 9,122 shares during the period. FCF Advisors LLC lifted its position in shares of Builders FirstSource by 81.9% during the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock valued at $3,512,000 after acquiring an additional 9,470 shares during the period. New York Life Investment Management LLC lifted its position in shares of Builders FirstSource by 437.8% during the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock valued at $2,935,000 after acquiring an additional 14,311 shares during the period. Finally, Boulder Hill Capital Management LP acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $851,000. Institutional investors own 95.53% of the company’s stock.
Builders FirstSource Stock Down 4.0 %
The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock’s 50-day moving average is $165.14 and its 200-day moving average is $176.41. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.30 and a beta of 2.08.
Builders FirstSource (NYSE:BLDR – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the company posted $2.96 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.
Builders FirstSource Company Profile
Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.